State-owned China Telecom and Conflux have jointly created a Blockchain SIM card (BSIM) to be used to store the keys needed for a blockchain wallet and digital signatures. By storing the data on the SIM, it claims to reduce the vulnerability to malware.
Although the SIM card looks the same as a conventional one, it can store far more data.
“The storage space of BSIM card is 10-20 times larger than that of SIM card, and the computing power is increased by dozens of times, which realizes the generation and storage of user public and private keys in the card,” said Long Fan, director of the Shanghai Shutu Blockchain Research Institute (Coinflux), according to Xinmin Evening News.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
